GoGold Resources (GGD) 2025 Precious Metals Summit - Beaver Creek summary

Leadership and experience

• Management team has over 30 years of experience in mining, with a strong track record in Mexico.

• Over $2 billion raised in equity and hundreds of millions in debt to finance mine development.

• Built four mines and established key relationships with private families for asset acquisitions.

• Management and insiders hold significant ownership, with the CEO as the second largest shareholder at 6%.

Financial position and operations

• 378 million shares outstanding and $139 million in cash at the last quarter's end.

• Parral Tailings Retreatment Project generates about $3 million per month in free cash flow, covering all G&A and engineering expenses.

• Institutional shareholders own about 50% of the company.

• Current production is around 2 million ounces per year, with annual free cash flow exceeding $35 million USD.

Los Ricos project development

• Los Ricos South advanced from PEA to definitive feasibility, now with 108 million ounces measured/indicated and 16 million inferred.

• Feasibility study completed with nearly 100 million ounces of proven/probable reserves; permit expected by year-end.

• Project is shovel-ready, with detailed engineering, contractor selection, and payments for long-lead items underway.

• Secured power supply with a $2 million deposit on a $7 million contract for a hydro-powered line.

• 2,000-ton-per-day mill will use heap leaching and SART process, producing doré and some copper.